Nigeria To Lose N5trn From Petrol Subsidy - World Bank   The World Bank has warned that Nigeria could lose around N5trillion in the year from subsidising petrol. The World Bank, in its Nigeria Development Update (NDU) released yesterday in Abuja, said N5 trillion is urgently needed...

World Bank Predicts More Hardship For Nigerians Over Rising Inflation, Power Cut, Fuel, Food Shortage   The World Bank has predicted more hardship of Nigerians and the citizens of Angola over the rising inflation, increased power outages as well as a shortage in fuel and food. This...

FG to Partner World Bank On Innovation, Skill Acquisition The Nigerian government and World Bank are collaborating to promote innovation in schools and to encourage the youth to participate effectively in skills development programmes. Director, Press and Public Relations, Federal Ministry of Education, Mr Ben. Bem...

Production Challenges in Nigeria’s Oil Sector Will Persist – World Bank The World Bank recent report titled, ‘Stagflation risk rises amid sharp slowdown in growth’, has predicted that production challenges in Nigeria’s oil sector will persist and affect growth. The report released in Washington DC says...

World Bank Economists : High Inflation, Others Threaten Buhari’s Poverty Reduction Plan World Bank economists, Jonathan Lain and Jakob Engel, revealed that rising inflation, persistent population growth, the COVID-19 pandemic, and the war in Ukraine are threatening Nigeria’s aspirations toward poverty reduction. These economists noted this...

World Bank: Nigeria, Others To Receive $30bn Fund The World Bank says it is ready to disburse the sum of $30bn to fund existing and new projects in Nigeria and other countries as part of a global response to combat the ongoing food security crisis. The...